TAX BONANZA

Benefit of rollover of capital tax gains to be increased from investment in one residential house to that in two residential houses, for a taxpayer having capital gains up to 20 million rupees; can be exercised once in a lifetime

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TAX BONANZA

> Average monthly tax collection at 971 billion rupees per month so far this year > Gross market borrowing seen at 7.04 trillion rupees in 2019/20 - traders citing agencies > Small and medium-sized businesses registered under the GST to get 2 per cent interest subvention on loan of 10 million rupees: FM

INCOME SUPPORT FOR FARMERS

> Vulnerable farmers to receive Rs 6,000 per year under new scheme > Farmers affected by natural disasters to receive 2 percent interest subvention, additional 3 percent if they repay loans on time > Government to provide 2 percent interest subvention for farmers pursuing animal husbandry, fisheries > Impact of Rs 20,000 crore this financial year

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SOCIAL SECURITY SCHEMES

> Vulnerable farmers to receive Rs 6,000 per year under new scheme > New scheme to provide assured monthly pension of Rs 3,000 a month, with contribution of Rs 100 a month for workers in unorganised sector after 60 years of age > Scheme to benefit 100 million workers in unorganised sector, may become the world’s biggest pension scheme for unorganized sector in five years: Goyal > Government to allocate Rs 60,000 crore for a rural employment scheme NREGA >India to launch social security coverage for workers in unorganised sector

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MACROS

> Fiscal deficit for 2018/19 pegged be 3.4% of GDP, higher than earlier target of 3.3% > Fiscal deficit for 2019-20 estimated at 3.4 percent of GDP > Fiscal deficit for 2020-21 seen at 3 percent of GDP > India’s current account deficit for 2018/19 seen at 2.5% of GDP > Debt to GDP ratio to be brought down to 40 percent by 2024/25